{
  "id": 19498851,
  "title": "Singapore Airlines' first-half profit drops 43.9pct despite record RM35.9bil revenue",
  "url": "https://urgent.news/2026/11/11/singapore-airlines-first-half-profit-drops-43-9pct-despite-record",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T13:11:55.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1575680/singapore-airlines-first-half-profit-drops-439pct-despite-record"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Singapore Airlines (SIA) reported a 43.9% drop in net profit to RM425.6 million in the first half of its financial year 2026/27, despite revenue climbing 16.8% to a record RM35.9 billion. The company cited elevated jet fuel prices due to the ongoing conflict in the Middle East as a key factor impacting operating costs. Despite adjustments to airfares and cargo rates, these measures did not fully offset the high fuel prices. Total expenditure surged 20.9% to RM34 billion, with net fuel cost rising 56% to RM12.6 billion. Passenger demand remained healthy, with a 16.8% increase in passenger revenue to S$9.10 billion. Cargo revenue grew 30.2% to S$1.39 billion. The group carried a combined 21.82 million passengers in the first half, a record and a five percent year-on-year increase.",
  "summary": "KUALA LUMPUR: Singapore Airlines (SIA) Group’s net profit fell 43.9 per cent to RM425.6 million (S$134 million) in the first half of its financial year 2026/27 ended Sept 30, 2026, despite revenue climbing 16.8 per cent to a record RM35.9 billion (S$11.30 billion).",
  "key_points": [
    "Singapore Airlines' first-half profit drops 43.9% to RM425.6 million",
    "Revenue reaches record RM35.9 billion, up 16.8% from previous period",
    "High jet fuel prices and increased expenditures drive profit decline"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Singapore Airlines' interim profit nearly halves on higher fuel costs",
        "url": "https://urgent.news/2026/11/11/singapore-airlines-interim-profit-nearly-halves-on-higher-fuel-costs",
        "published": "2026-11-11T10:14:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}